Business news from Ukraine

TIS Group in 2020 increased cargo turnover

TIS Terminal Group in 2020 increased its cargo turnover by 10.34%, to 36.6 million tonnes (33.17 million tonnes in 2019).

“In 2020, the TIS group handled 36.6 million tonnes of cargo. We did not believe it, though … 36.6 is a beautiful figure, another TIS record, the largest cargo turnover among all Ukrainian operators, a 10% increase compared with last year. TIS year after year shows double-digit growth,” Andriy Stavnitser, co-owner of the TIS terminal group and the P&O Maritime Ukraine towing company, wrote on his Facebook page on January 1.

He also said that by the end of the year, the company employs more than 5,000 people.

“I think this is a completely official reason to expect only good things from 2021,” Stavnitser said.

As reported, TIS handled 33.17 million tonnes of cargo in 2019, which is 28.4% more than in 2018.

TIS Terminal Group is the largest stevedoring operator in Ukraine established 25 years ago.

TIS GROUP AND SEA PORT AUTHORITY TO COOPERATE IN DEVELOPMENT OF YUZHNY SEAPORT (ODESA REGION)

State-owned enterprise (SOE) Ukrainian Sea Port Authority and the TIS Group have signed a memorandum of understanding, providing for the implementation of infrastructure projects at the Yuzhny seaport (Odesa region), according to a posting on the website of the Infrastructure Ministry. The memorandum envisages the uniting of efforts of the SOE and the private company to develop Yuzhny port’s infrastructure.
The authority seeks to conduct dredging works in the internal canal leading to the water area of berths of the TIS Group (from berth 18th to 22nd), a water approach to the U-turn area and a part of the operation water areas of berths 21st and 22nd to reach the designed depth of 16 meters.
In turn, TIS will conduct dredging works near its berths: 18, 19 and 20 to 19 meters and 21 and 22 – to 16 meters. After these dredging works, TIS plans to do its best to boost cargo handling by 10-15 million tonnes in 10 years.

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